Hot Sliver Stocks To Watch For 2015

Hot Sliver Stocks To Watch For 2015: El Paso Electric Company (EE)

El Paso Electric Company, a public utility company, engages in the generation, transmission, and distribution of electricity primarily in west Texas and southern New Mexico. It principally operates nuclear, natural gas, and coal power plants, as well as wind turbines. As of December 31, 2010, the company owned 6 electrical generating facilities with a net generating capacity of approximately 1,643 megawatts. It serves approximately 370,000 residential, commercial, industrial, public authority, and wholesale customers. The company sells its products to electric utilities and power marketers, as well as to oil and copper refining, and steel production facilities, universities, and the United States military installations. El Paso Electric Company was founded in 1901 and is based in El Paso, Texas.

Advisors' Opinion:

• [By Tyler Crowe]

  It may have been a long time coming, but the technology for renewable fuels is very close to the point that they can can compete on the open market against traditional energy sources. First Solar just recently announced a deal with El Paso Electric (NYSE: EE  ) that it will sell electricity to El Paso from its Macho Springs solar facility for 5.79 cents per kilowatt hour, less than half what El Paso pays for electricity from coal. Also, the Federal Energy Regulation Commission has stated that 83% of all additional energy generation in the U.S. for Q1 2013 came from either wind or solar facilities. Perhaps the route to developing better solutions wasn't the smoothest, but it's hard to deny the overall outcome.

• [By Tyler Crowe]

  If we were to pinpoint a company thatembodiesthissuccessas of late, it's First Solar (NASDAQ: FSLR  ) . It just sold a 139 megawatt facility toutilitygiant -- and large coal consumer -- Southern (NYSE: SO  ) , and recently signed a power purchase deal with El Paso Electric (NYSE: EE&n! bsp; ) that will supply El Paso with electricity for half what it pays for power from coal. These deals also come with the announcement that the company upped guidance earlier in April which sent share prices up by 46% in one day.

source from Top Penny Stocks For 2015:http://www.topstocksforum.com/hot-sliver-stocks-to-watch-for-2015.html